Source brief· Taxes & IRS
Will Californians vote to save more tax revenue in rainy day fund?
According to CalMatters: In summary Prop. 2 would allow California leaders to sock away up to 20% of the state’s general fund tax revenue, double the current cap of 10%. It would also require the state to save more when revenue is growing faster. California’s booming stock market is bringing in billions of dollars in unexpected tax revenue.
Source attribution
- CalMatters
Original source links
- CalMatters: Original source